The PNC Financial Services Group (NYSE:PNC) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its target price hoisted by stock analysts at The Goldman Sachs Group from $190.00 to $210.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. The Goldman Sachs Group's target price points to a potential upside of 0.66% from the company's current price.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods lifted their price target on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 16th. Citigroup increased their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, November 25th. Compass Point lowered shares of The PNC Financial Services Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 22nd. Morgan Stanley increased their target price on The PNC Financial Services Group from $177.00 to $180.00 and gave the company an "underweight" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of "Hold" and an average price target of $195.84.

The PNC Financial Services Group Stock Down 0.1 %

NYSE PNC traded down $0.20 during trading hours on Friday, reaching $208.63. 1,485,962 shares of the company's stock traded hands, compared to its average volume of 1,874,343. The PNC Financial Services Group has a 52-week low of $139.19 and a 52-week high of $216.26. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day simple moving average of $196.62 and a 200 day simple moving average of $178.41. The firm has a market cap of $82.78 billion, a PE ratio of 17.64, a PEG ratio of 2.18 and a beta of 1.15.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period last year, the business earned $3.60 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that The PNC Financial Services Group will post 13.45 EPS for the current fiscal year.

Insider Activity at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $183.74, for a total value of $228,205.08. Following the transaction, the chief executive officer now directly owns 549,733 shares in the company, valued at $101,007,941.42. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the sale, the director now owns 915 shares of the company's stock, valued at $170,299.80. This represents a 48.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,788 shares of company stock worth $5,613,814. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in The PNC Financial Services Group by 0.6% during the 3rd quarter. State Street Corp now owns 17,299,381 shares of the financial services provider's stock valued at $3,197,791,000 after buying an additional 100,573 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of The PNC Financial Services Group by 1.2% in the third quarter. Franklin Resources Inc. now owns 10,286,202 shares of the financial services provider's stock valued at $1,939,154,000 after purchasing an additional 123,994 shares in the last quarter. Geode Capital Management LLC increased its position in The PNC Financial Services Group by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,367,424 shares of the financial services provider's stock worth $1,541,155,000 after purchasing an additional 166,138 shares during the last quarter. Ameriprise Financial Inc. raised its stake in The PNC Financial Services Group by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 4,802,981 shares of the financial services provider's stock valued at $746,772,000 after purchasing an additional 18,397 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in The PNC Financial Services Group by 6.8% during the second quarter. Legal & General Group Plc now owns 3,500,984 shares of the financial services provider's stock valued at $544,335,000 after purchasing an additional 223,955 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.